Search Results for: Macau Industry
Moody’s, S&P say Macau casinos face prolonged recovery amid citywide Covid-19 lockdown, high interest rate environment
July 15, 2022
Macau’s casino industry faces a prolonged recovery from the impact of a citywide lockdown and a higher interest rate environmen...
Macau Lockdown Slashes Targets For Las Vegas Sands, MGM, Wynn
July 12, 2022
Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analys...
Macau Gambling Group Suncity’s Shares Soar Under New Boss
July 8, 2022
A change in majority shareholding has boosted Macau’s embattled Suncity Group Holdings as its stock price more than tripled on ...
JP Morgan Says Re-Tendering of Macau Casino Licenses Imminent
July 7, 2022
Tuesday’s reveal of Macau’s re-tendering rules caught some by surprise. Analysts and concessionaires responded with cautious ...
Macau gaming shielded in case of global recession: analysts
July 7, 2022
An eventual global recession would have “some impact” on the United States casino industry, but limited impact on Macau’s c...
And now for some good news: Global recession would have little impact on Macau gaming
July 6, 2022
Warnings from economists and major financial organizations, including the World Bank, that a global recession is on its way pose ...
Alvin Chau May Have Shorthanded Macau $1B Worth of Tax
July 6, 2022
The fall from grace of Alvin Chau, the prominent casino junket boss in Macau, whose Suncity Group was running an extensive busine...
Macau publishes draft rules for new casino bidding process
July 6, 2022
Macau's executive council on Tuesday published draft rules for a retendering of casino licences ahead of the year-end expiration ...
MGM Extends Branding Accord with Macau Unit
June 29, 2022
MGM China has reached an agreement MGM Resorts International (NYSE:MGM) to continue using one of the gaming industry’s most rec...
Credit Suisse: Macau Recovery Slower than Previously Estimated
June 24, 2022
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the inve...